Top 10 GCC contract wins - December 2016
Construction Week takes a count of the top construction contracts awarded in the GCC in the month of December 2016
1. Bahrain's Eagle Hills Diyar and Nass Contracting sign contract for Marassi Residences
Bahrain-based private real estate investment and development company, Eagle Hills Diyar, has awarded a contract to Nass Corporation for the construction of its 875,000m2 luxury residential development, Marassi Residences.
The company, a joint venture between UAE-based developer Eagle Hills and Bahraini group Diyar Al Muharraq, broke ground for the project, which is located in Diyar Al Muharraq, a master-planned city on the northeast coast of the kingdom.
The project wll boast a total of 281 luxurious one-, two-, and three-bedroom apartments in two 11-storey towers, connected to shopping mall, Marassi Galleria, and overlooking the seafront with two kilometres of white sandy beach. Other exclusive amenities include a gym, children and adults’ swimming pools, children’s play areas, and dedicated parking.
Piling works are now completed on Marassi Residences, as part of the master development’s first phase, with construction expected to be completed by the third quarter of 2018.
2. RAK Properties awards Al Nuaimi $8m contract for Anantara Resort
Ras Al Khaimah-based developer RAK Properties signed a $8m (AED30m) enabling works contract with Al Nuaimi Group for its upcoming Anantara Resort & Spa within the Mina Al Arab development.
The contract between Al Nauimi Group and RAK Properties includes piling and earthworks for a 306-room resort, which will be operated by Minor Hotels under its Anantara brand, when it opens in late 2018.
The property will feature Ras Al Khaimah’s first Maldives-inspired overwater villas, four restaurants, a spa, and other leisure facilities.
The Anantara Mina Al Arab Ras Al Khaimah Resort will be situated within a secluded and picturesque area with its own 9,000m2 private beach, overlooking an eco-reserve lined with mangroves.
3. Lane, NCTC win $125m of work at Al Maktoum International Airport
Lane Construction Corporation and National Contracting Transportation Co (NCTC) have been enlisted to expand Al Maktoum International Airport in Dubai.
Lane, a US-based subsidiary of Salini Impregilo Group, secured a $75m (AED275m) contract to complete 60% of the $125m (AED460m) project.
NCTC, which is headquartered in Sharjah, UAE, is reported to have been appointed to complete the remaining 40%.
The airport expansion project will entail the construction of new terminal facilities, runways, roads, and tunnels.
4. Al Hajiry wins $15m construction contract from Al Mazaya Real Estate
Al Mazaya Real Estate Company – Oman has awarded a $14.78m (OMR5.7m) contract to Al Hajiry Trading LLC for the construction, execution, delivery, and maintenance of its Mazaya Residence, a mixed-use development, located in Al-Seeb Province, Muscat.
Spanning over a 6,614m2 in area, the project has been awarded to the Omani company, Al Hajiry Trading, that has an experience of 21 years in Oman’s building and construction market.
The 22-month contract was signed by Ibrahim Al Soqabi, group CEO Al Mazaya Holding and Jason Sam Varghese, executive director of Al Hajiry Trading Projects Division.
The project comprises 120 residential units, including one-, two- and three-bedroom apartments, 28 shops, and landscaped areas.
Amenities include swimming pools, health clubs, and tennis playgrounds along with underground car parking beneath the residential building.
5. ACTS wins testing contract for Riyadh Metro Lines 1 & 2
Advanced Construction Technology Services (ACTS) has been awarded a contract to carry out testing and analysis of construction materials to be used for the Riyadh Metro Lines 1 and 2.
The new three-year contract will see ACTS operating one of the largest site laboratories for infrastructure in the kingdom with the setting up of an 800m2 laboratory space to perform the expert services required under the assignment.
ACTS will deploy more than 150 highly-trained professionals on three different site locations to fully complete the required work under the agreement.
ACTS was first commissioned to undertake geotechnical and geophysical works on Riyadh Metro Lines 1 and 2 under a subcontract package awarded by BACS.
6. Oman's Al Hassan bags $67m UAE waste plant contract
Oman-based Al Hassan Engineering has won a $67m contract from Intecsa Ingenieria Industrial (Intecsa) for its BeAAT treatment plant expansion project in Abu Dhabi, UAE.
The scope of work includes civil, building, steel structure, piping, mechanical, electrical, and instrumentation at the project site.
The project involves expansion of existing facilities in Ruwais for the treatment of waste produced by Abu Dhabi National Oil Company (Adnoc) operating companies in Abu Dhabi.
"The project duration will be 28 months from January 2017 and the company is expecting to generate a profit from this project," Al Hassan Engineering Co said in a filing to Muscat Securities Market.
7. Hill International wins $4m PM contract for Qatar development
Construction consultancy firm, Hill International, has won a contract from Al Wa'ab City WLL to provide project management services during the Phase 1 of the development of Al Wa'ab City in Central District.
The three-year contract is valued at $4m (QAR 14.6m). Al Wa'ab City is one of the largest privately-held real estate projects being developed in Qatar.
Stretching over 125ha and promoted by Nasser Bin Khaled Holding, the development is a vibrant district, creating a new proposition for the Al Wa'ab area as well as the greater Doha metropolis.
Al Wa'ab City incorporates a diverse residential mix of over 2,000 villas and apartments, more than 20ha of commercial space and more than 10ha of retail space, including a one-of-a-kind concept mall.
8. BATCO and Eagle Hills sign deal for The Address Fujairah
Eagle Hills has awarded its contract for marine and grading works on The Address Fujairah Resort + Spa and The Address Residences Fujairah Resort + Spa to BATCO Group.
Located in Sharm in Fujairah, the mixed-use development, unveiled in April during Cityscape Abu Dhabi, comprises The Address Fujairah Resort + Spa hotel, and The Address Residences Fujairah Resort + Spa.
On completion, the five-star hotel will include 198 keys, five beach and five garden villas, and four residential buildings with central courtyards, all adding to a total of 170 branded and serviced residences.
The Address Residences Fujairah Resort + Spa announced the official launch of sale of the units in May 2016.
9. Doosan secures $137m Egyptian power plant contract
Doosan Heavy Industries & Construction has been awarded a $137m contract for gas turbine and generator installation work on two power plants in Egypt.
Doosan will build and install a gas turbine at the under-construction Assiut Power Plant, on behalf of the Upper Egypt Electricity Production Company, and by April 2020 has also agreed to install a generator at the Cairo West Power Plant, run by the Cairo Electricity Production Company.
“Doosan Heavy outbid global power equipment giants GE [General Electric], Siemens and MHPS [Mitsubishi Hitachi Power Systems] for this contract – proving its competitiveness in overseas markets,” said an official from the Korean firm.
The deal is the Korean firm’s first successful bid for contacts in the country since 2010 – when the firm won a 400 billion won ($337m) deal for work on the El Ain El Sokhna Power Plant.
10. Daelim bags $1.9bn construction contract in Iran
South Korean construction firm, Daelim Industrial Company, has secured a $1.9bn (KRW2.3tn) contract to expand refinery facilities in Iran.
Daelim has received a letter of award (LOA) on the contract to improve and expand the facilities of Iran's Isfahan Oil Refinery, located in Tehran, Yonhap News Agency reported citing the company.
The two sides plan to sign a formal contract in January 2017, for the four-year construction project.
It marks the largest-ever construction agreement with Iran by a South Korean company, according to Daelim.